Nov 11, 2022 · Before OPEC formed, the international oil market was dominated by the “seven sisters” group of multinational energy companies. The group was set up at a time of global …

Founded in 1960, the Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental organization with a mission to coordinate and unify the petroleum policies of …

Jan 14, 2015 · OPEC will continue to meet and hold itself out as a cartel that can control the oil markets, but that time has passed. The cartel was dependent upon Saudi Arabia to use its …

Mar 3, 2025 · The US enters its 'drill, baby, drill' era. Here’s what a top energy leader has to say Mar 3, 2025

Apr 28, 2023 · Trading blocs have historically been a key way of promoting regional relations and economic prosperity. Here are six of the world’s biggest ones.

Feb 16, 2022 · Supply has not been able to fully respond to increased demand. OPEC has been scaling up oil production slowly, but it also has limited spare capacity and is probably cautious …

Dec 22, 2016 · Most recently, after two years of depressed prices, OPEC agreed to curtail output by 1.2 million barrels per day at its meeting in Vienna in late November in an attempt to end …

May 9, 2017 · Areas of research include safeguarding the region’s environment and wildlife. The association’s Center for Biodiversity was established to promote cooperation on conservation …

Jan 23, 2025 · And I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil. You got to bring it down, which frankly, I'm surprised they didn't do before the election. That …

Mar 4, 2022 · Two weeks ago when oil prices were approaching $100, Maciej Kolaczkowski, Manager Oil and Gas Industry from the World Economic Forum's Energy, Materials, …